Google’s latest set of financial results are out, with the company posting revenues of $10.65bn for the first quarter of 2012, up 24% year-on-year. The company’s net income was $2.89bn for the quarter, up 61%. Google also announced a stock split for investors, while CEO Larry Page talked up the company’s push into social networking, describing Google+ as “our social spine: once you’re logged in and have upgraded to Google+, you’re just using one Google, not a series of disconnected products”. He reiterated previous stats about Android and YouTube (850k devices activated a day and 800m monthly users respectively), and talked up Google’s plans to succeed “at the lower end” of the tablet market (the implication being a focus on that rather than going head to head with Apple’s iPad at the high end).
Google posts Q1 financials and hails ‘social spine’ of Google+
April 13th, 2012 by Music Ally